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As of Spring 2021, the firm had a portfolio comprising at least 4.9 million square feet of real estate in development, encompassing projects in 34 cities across 12 states in the United States. [12] [13] In 2023, Rastegar Property Company donated 11-acre land to Hays Consolidated Independent School District board for Texas' 17th elementary ...
At just 50 miles away from the city, it has high demand among homebuyers, and prices are expected to grow 8.2% in 2022, according to Seth Williams, a real estate broker and owner of Reference Real ...
Increase in home values: The percent change in the city's median home value year-over-year. Rental yield: The percentage value of rental income compared to the property's market value Click ...
Brandywine Realty Trust is a Philadelphia-based real estate investment trust that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas. As of December 31, 2022, the company owned interests in 72 properties containing 12.8 million net rentable square feet. [1]
He began investing in properties in the Austin area in 2012. [2] Rastegar returned to Texas in 2015 and founded Rastegar Capital, [3] a private real estate investment firm headquartered in Austin. He is also the company's CEO. [4] (Rastegar Capital rebranded as Rastegar Equity Partners in 2018, [3] and later as Rastegar Property Company. [4])
The priciest of the two Austin properties is a listing on 2810 Scenic Drive, with a $25.5 million asking price. Built in 2008, the house in the Tarrytown neighborhood has 8,791 square feet of ...
On July 1, 2007, Lehman Brothers and CalSTRS partnered with Thomas Properties to buy several properties in Austin, Texas that The Blackstone Group had acquired as part of its acquisition of EQ Office. In 2012, the company, in partnership with CalSTRs, acquired Lehman Brothers's interest in the joint venture. [4] [5]
The developer keeps 80 percent of the city's sales tax for the first five years and 50 percent for the next 15 years. Plus, 25 percent of the property tax is rebated back to the developer for the entire 20-year period. [16] The city of Austin expects to take in about $40 million in sales and property taxes over the 20 years of the incentive ...